Canadian stocks ended the day flat after an initial uptrend. The S&P/TSX Composite Index closed up 0.10% at 29,761.28, with the materials sector leading gains. Bank of Canada cut interest rates to 2.5% on September 17, citing economic risks. Canadian real GDP was unchanged in August, with growth in some sectors offset by declines in others. The country’s GDP shrunk by 1.6% annualized in Q2, approaching recession territory. US Supreme Court to review legality of reciprocal tariffs imposed by Trump’s administration, affecting Canadian industries. Trump announces 100% tariff on branded pharmaceuticals starting October 1.

Expectations of additional US Federal Reserve rate cuts fluctuate based on economic data. Canadian Prime Minister attends Global Progress Action Summit to attract investment and strengthen ties. Prominent gainers in trading included Aya Gold and Silver Inc, Blackberry Ltd, and Pan American Silver Corp. Losers included Nfi Group Inc and Constellation Software Inc. Major sectors that gained were Materials and Utilities, while Healthcare and IT sectors faced losses.

Read more at Nasdaq: Canadian Stocks End Roughly Flat After GDP Data